What You Should Know:
- Capital Rx, a health technology company changing the way prescription drugs are priced and patients are serviced raises $106M in a Series C round to end drug price distortion. The Series C round was led by B Capital with participation from General Catalyst and existing investors, Transformation Capital and Edison Partners, bringing the total amount raised to $175M.
- Capital Rx will continue to invest in the technology backbone for claims processing and benefit
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Aledade Raises $123M to Expand Value-Based Primary Care
What You Should Know:
- Aledade, a Bethesda, MD-based provider of value-based primary care raises $123M in Series E funding to support investments in value-based care for more seniors covered by Medicare Advantage (MA) and innovation that improves patient care and increases medical cost savings, including expanded offerings through its new health services subsidiary, Aledade Care Solutions (ACS). Returning investor OMERS Growth Equity led the round, which also included Fidelity Management
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Lightbeam Health Acquires Jvion AI and SDOH Solutions – M&A
What You Should Know:
– Lightbeam Health Solutions, Inc., a provider of population health management solutions and services has entered into an asset purchase agreement to acquire the operating assets related to Jvion, Inc., including Jvion’s market-leading AI-enabled prescriptive analytics and social determinants of health (SDoH) solutions.
-The strategic partnership combines Lightbeam’s health analytics and outcomes for payers and providers with the Jvion’s predictive technology.
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AWS Launches New Healthcare Accelerator Focused on Health Equity
What You Should Know:
- Amazon Web Services (AWS) today announced the launch of the next AWS Healthcare Accelerator—this year with a new focus on health equity. The Accelerator is open to startups with US operations and applications open today.
- This is part of AWS’s efforts to help organizations use the power of the cloud to help tackle the health equity gap – other efforts include the $40 million AWS Health Equity Initiative, which AWS also provided an
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Hospital Telehealth Vendor Financials Round Up – Teladoc Health, Amwell & SOC Telemed
Several hospital telehealth vendors enjoyed great success in 2020 as they benefitted from unprecedented demand for their IT and services during the pandemic. But as lockdown restrictions were lifted and the strain on hospitals’ in-house capacity across the ICU and other acute care wards eased into the second half of 2021, were the vendors able to maintain their growth? With full-year results from several of the leading hospital telehealth vendors now published, here’s our take on the recently
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Hyundai Motor Group & NowRx to Explore Autonomous Vehicles for Medication Delivery
What You Should Know:
- Hyundai Motor Group (the Group), the global scale mobility provider including Hyundai Motor Company and Kia Corporation has partnered with tech-powered pharmacy NowRx on a pilot project to explore autonomous vehicles for medication delivery
- The pilot project will test and develop automated dispatch, fleet management, and other last-mile optimization technologies for same-day prescription delivery, with the possibility of testing
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Axuall’s CEO Talks Why Health Administrators Should Adopt Robotic Process Automation
Axuall’s CEO & Founder, Charlie Lougheed shares why health administration teams should embrace the power of robotic process automation (RPA).
Built with leading healthcare systems, Axuall is a workforce intelligence company powered by a national real-time practitioner data network. The technology enables healthcare systems, staffing firms, telehealth, and health plans to dramatically reduce onboarding and enrollment time while also providing unique, powerful data insights for network
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Vivalink Launches Multi-Vital Blood Pressure Patch for Remote Patient Monitoring
What You Should Know:
- Vivalink, a leading provider of digital healthcare solutions launches a multi-vital blood pressure patch for remote patient monitoring is now available for research and development.
- The advanced multimodal continuous signal processing patch captures ECG trace, heart rate, respiratory rate, systolic and diastolic blood pressure on a single device.
Cuffless Blood Pressure Monitor
Cuffless blood pressure is still in its infancy, but new research is exploring
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Reify Health Secures $220M to Support Clinical Trial Diversity at $4.8B Valuation
What You Should Know:
- Reify Health, a leading provider of solutions that empower the clinical trial ecosystem, announced a $220M Series D funding round dedicated to improving diversity in clinical research. The investment comes less than a year after its Series C and brings the company's valuation to $4.8B.
- The Series C found was co-led by Altimeter Capital and Coatue, joined by Dragoneer Investment Group and existing investors ICONIQ Growth, Adams Street, and Battery
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Healthcare’s Data Readiness Crisis: Triage vs. Transformation
What You Should Know:
- Healthcare leaders have high aspirations for digital transformation, but a lack of data readiness threatens their ability to execute, according to a new research conducted by Morning Consult and commissioned by Innovaccer.
- The 35-page report, “Healthcare’s Data Readiness Crisis: Triage vs. Transformation,” reveals that the overwhelming majority of healthcare executives surveyed (95%) are focused on digital transformation, with 61% aiming to have their
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